Jonathan Wong
The Latest
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Apple Reports Strong Earnings Amidst China Sales Slump and iPhone Sales Stagnation
Apple Inc. provided a detailed account of its fiscal first-quarter performance. While the tech giant exceeded Wall Street's expectations with earnings per share of $2.18 against the anticipated $2.10 and reported revenue of $119.58 billion surpassing the forecast of $117.91 billion, the announcement was marred by a significant 13% decline in sales in China. 
Apple Inc. provided a detailed account of its fiscal first-quarter performance. While the tech giant exceeded Wall Street's expectations with earnings per share of $2.18 against the anticipated $2.10 and reported revenue of $119.58 billion surpassing the forecast of $117.91 billion, the announcement was marred by a significant 13% decline in sales in China. -
Peloton Shares Tumble Amid Gloomy Financial Forecast
Peloton Interactive Inc. encountered a significant market setback as its shares plummeted roughly 23% following the company's cautionary guidance about its financial path forward. 
Peloton Interactive Inc. encountered a significant market setback as its shares plummeted roughly 23% following the company's cautionary guidance about its financial path forward. -
Volvo's Shares Soar Over 25% as Company Plans Polestar Share Redistribution
Volvo Cars has announced it will cease funding for its subsidiary Polestar Automotive, with plans to potentially transfer its shareholding to Geely Holding, Volvo's majority shareholder. 
Volvo Cars has announced it will cease funding for its subsidiary Polestar Automotive, with plans to potentially transfer its shareholding to Geely Holding, Volvo's majority shareholder. -
Tesla to Vote on Texas Move in Wake of Musk's Pay Package Ruling
Elon Musk has announced plans to seek shareholder approval for relocating Tesla's state of incorporation from Delaware to Texas. 
Elon Musk has announced plans to seek shareholder approval for relocating Tesla's state of incorporation from Delaware to Texas. -
Walmart Unveils Plan for 150 New Supercenters in U.S. Expansion Drive
Walmart, the behemoth of the retail sector, has unveiled ambitious plans to significantly expand its presence across the United States, with proposals to inaugurate or transform more than 150 large-format stores within the next five years. This expansion strategy signals a robust commitment to physical retail in an era increasingly dominated by e-commerce competitors. 
Walmart, the behemoth of the retail sector, has unveiled ambitious plans to significantly expand its presence across the United States, with proposals to inaugurate or transform more than 150 large-format stores within the next five years. This expansion strategy signals a robust commitment to physical retail in an era increasingly dominated by e-commerce competitors. -
Delaware Court Nullifies Musk's $55 Billion Tesla Compensation
Delaware's Chancellor Kathaleen St. Jude McCormick has declared that Elon Musk is not entitled to retain the potentially $55 billion compensation package previously awarded by Tesla's board. 
Delaware's Chancellor Kathaleen St. Jude McCormick has declared that Elon Musk is not entitled to retain the potentially $55 billion compensation package previously awarded by Tesla's board. -
2023 Tax Season: Understanding the Impact of Resumed Student Loan Repayments
U.S. government's decision to resume federal student loan payments has significant implications for millions of American borrowers as the 2023 tax season unfolds. 
U.S. government's decision to resume federal student loan payments has significant implications for millions of American borrowers as the 2023 tax season unfolds. -
Half of U.S. Renters Overburdened by Costs Despite Easing Rent Hikes
Recent findings reveal that half of U.S. renters are ensnared in a financial squeeze, dedicating more than a sustainable portion of their income to keep a roof over their heads. 
Recent findings reveal that half of U.S. renters are ensnared in a financial squeeze, dedicating more than a sustainable portion of their income to keep a roof over their heads. -
UPS Reports Revenue Dip and 12,000 Job Cuts Amid Q4 Challenges
United Parcel Service Inc. (NYSE:UPS), a global leader in logistics, reported a notable decline in its financial performance for the fourth quarter of 2023, as detailed in its recent 8-K filing. 
United Parcel Service Inc. (NYSE:UPS), a global leader in logistics, reported a notable decline in its financial performance for the fourth quarter of 2023, as detailed in its recent 8-K filing. -
Amazon Calls Off $1.7 Billion iRobot Acquisition of iRobot, Vacuum Maker to Lay Off 350 Employees
Amazon and iRobot announced the termination of their previously planned acquisition deal, citing insurmountable regulatory challenges as the primary obstacle. This decision comes amidst heightened scrutiny from regulatory bodies in both the United States and Europe, concerned about the potential anti-competitive impacts of such a merger in the tech and consumer electronics sectors. 
Amazon and iRobot announced the termination of their previously planned acquisition deal, citing insurmountable regulatory challenges as the primary obstacle. This decision comes amidst heightened scrutiny from regulatory bodies in both the United States and Europe, concerned about the potential anti-competitive impacts of such a merger in the tech and consumer electronics sectors.
